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Circle K | New 15yr Corp Abs NNN w/ Incrs 2390 Craycroft Rd 5,000 SF Retail Building Tucson, AZ 85712 $3,700,000 ($740/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Corporate Signed Ground Lease | Scheduled Rental Increases
- Crossroads Festival (231,000 SF) | El Con Center (894,000 SF) |Circle Plaza (168,000 SF) | Primary Retail Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
• Recently signed a brand new 15-year lease with 8 (5-year) options to extend
• Ground Lease is corporate signed by Circle K Stores Inc.
• Features 7.5% rental increases every 5 years through the initial term and at the beginning of each option, growing NOI and hedging against inflation
• Ground Lease is corporate signed by Circle K Stores Inc.
• Features 7.5% rental increases every 5 years through the initial term and at the beginning of each option, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
5,000 SF
Building Class
B
Year Built
2025
Price
$3,700,000
Price Per SF
$740
Cap Rate
5%
NOI
$185,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.19 AC
Zoning
C-1 - Neighborhood Commercial District
Frontage
128’ on East Grant Road
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 121-05-012G | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $279,216 |
PROPERTY TAXES
Parcel Number
121-05-012G
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$279,216
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Circle K | New 15yr Corp Abs NNN w/ Incrs | 2390 Craycroft Rd
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